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Potential Shorts SBAC, CPA, CRAY, NTWK At Or Below Support

Published 04/01/2015, 07:05 AM
Updated 07/09/2023, 06:31 AM

With the market looking weak after yesterday’s sell off below and our indicator flashing bearish are some short potential trades that might be worth a look at.

SBA Communications Corporation (NASDAQ:SBAC)- Bearish descending triangle broke yesterday, there is some short-term support near 116.14 but if this breaks SBAC can drop to 114 to 111.

SBAC Daily Chart

Copa Holdings SA (NYSE:CPA) - Another bearish triangle, watch for break of 99.98, very little support below this level.

COPA Daily

Cray Inc (NASDAQ:CRAY)- Might for a double bottom but failure of this pattern with a break of 27.85 is bearish and a price target of 24 is possible.

CRAY Daily

NetSol Technologies Inc (NASDAQ:NTWK) -Another descending triangle, watch for break of 5.75, very little support below this level.

NTWK Daily

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